Market Overview

Fortune Names ABB Among Top 10 Companies in "Change the World" List


ABB's global leadership in fast charging solutions for electric vehicles
leads Fortune magazine to rank it #8 among top companies that "help the
planet and tackle social problems."

ABB has been named #8 in Fortune magazine's "Change
the World
" rankings for the company's efforts to speed up adoption
of clean-energy electric transportation. The list, Fortune said, honors
companies that "have had a positive social impact through activities
that are part of their core business strategy."

In naming
to the top 10 in its fourth annual ranking, Fortune placed the
company among a prestigious group. Other honorees included the drug
maker Merck, for use of its life-saving vaccine against the Ebola virus
this year in the Democratic Republic of the Congo. Fortune also lauded
Reliance Jo, a telecommunications provider for providing the "digital
oxygen" of smartphones and broadband to more than 200 million
subscribers in India in less than two years.

ABB's CEO, Ulrich Spiesshofer said the Fortune ranking was validation of
the company's leadership and commitment to e-mobility as a way to
decouple global economic growth from climate change.

"ABB is committed to running the world without consuming the earth,''
Spiesshofer said.

ABB, whose e-mobility portfolio includes
charging and power solutions for trains, buses and ships, has developed
fast-chargers for cars that can add as much as 200 kilometers (nearly
125 miles) of cruising range in as little as 8 minutes.

‘‘As electric vehicles have grown more popular, " Fortune wrote, "ABB
has installed over 7,000 fast charging stations worldwide—saving about 2
million gallons of gasoline over the past seven years. The charging
business has posted double-digit annual revenue growth since 2015. Next
up: a plan with Electrify America to place hundreds of charging stations
in the U.S. in the next year. "

Fortune's criteria for its "Change the World" rankings include the
degree of innovation in a company's technologies and the benefits to
profitability and shareholder value from its positive social impact.

In the second quarter, ABB
more than 30 percent year-over-year growth in net income,
to $681 million, as revenue grew to $8.889 billion.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in
power grids, electrification products, industrial automation and
robotics and motion, serving customers in utilities, industry and
transport & infrastructure globally. Continuing a history of innovation
spanning more than 130 years, ABB today is writing the future of
industrial digitalization with two clear value propositions: bringing
electricity from any power plant to any plug and automating industries
from natural resources to finished products. As title partner in ABB
Formula E, the fully electric international FIA motorsport class, ABB is
pushing the boundaries of e-mobility to contribute to a sustainable
future. ABB operates in more than 100 countries with about 147,000

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